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Valtra sells 150 agricultural tractors to Iraq

07.02.2000

Partek´s subsidiary, Valtra Oy, has received a considerable order from the Iraq Ministry of Agriculture for 150 Valtra 140-hp tractors. The transaction is part of the Oil-For-Food Program, which is the United Nations humanitarian Iraq program, and Valtra was awarded the approximately EUR 6 million order in a competitive tender.

"The tractor population in Iraq has decreased during the long import restriction. With the tractors now on order, the existing fleet will be renewed in order to improve the efficiency of the country´s food production," says Jouko Tukiainen, President of Valtra.

"There is a strong demand for our tractors among private farmers to replace worn-out machines. Volvo BM tractors, which enjoy a strong reputation, will be among the tractors to be replaced. They were delivered to Iraq over twenty years ago by the joint venture of Valtra and Volvo".

A new stage is beginning in the UN Oil-For-Food Program. Valtra will continue to take part and put in tenders.

Valtra Valmet is the leading tractor brand in Scandinavia and the second most sold in South America. Valtra tractors are sold in 70 countries. The company´s net sales in 1998 amounted to FIM 3.2, and it produced more than 15,000 tractors at its plants in Finland and Brazil. Valtra employs some 2,400 people.

Partek Corporation

For further information please contact: Pertti Salovaara, Marketing Director, Valtra Inc., tel + 358 (0) 204 55 4490,mobile phone + 358 (0) 400 647 326 Timo Niskanen, Marketing Manager, Valtra Inc., tel + 358 (0) 204 55 4493, mobile phone + 358 (0) 400-542 552

Partek is the leading provider of customer-responsive logistical solutions for heavy materials handling, forestry and agriculture. Our mobile products improve efficiency in primary production, industry, distribution, ports and terminals. The Group´s net sales in 1998 totalled FIM 13.5 billion (USD 2.7 billion), about 80 percent of which is generated outside Finland. Partek employs 10 000 people.

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